TL Administration Corp – ‘8-K’ for 9/25/03

On:  Tuesday, 9/30/03, at 4:18pm ET   ·   For:  9/25/03   ·   Accession #:  950123-3-10982   ·   File #:  0-21003

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Twinlab Corporation                                    3     10K 

Document Table of Contents

8-K
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
 the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 25, 2003

 Twinlab Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware                     0-21003                  11-3317986  
--------                     -------                  ----------  
(State or Other                (Commission             (I.R.S. Employer   
  Jurisdiction of                File Number)            Identification No.)
Incorporation)                                                          

150 Motor Parkway, Suite 210
 Hauppauge, New York 11788

(Address of Principal Executive Offices)
--------------------

(631) 467-3140

(Registrant's telephone number, including area code)

--------------------

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ITEM 3.  Bankruptcy or Receivership.                                            

On September 25, 2003, a hearing was held before the Honorable
Cornelius Blackshear in the United States Bankruptcy Court for the Southern     
District of New York in the jointly administered chapter 11 cases of Twinlab    
Corporation, Twin Laboratories Inc., and Twin Laboratories (UK) Ltd. (jointly   
"the Debtors").                                                                 

At the September 25, 2003 hearing, Judge Blackshear granted final approval of a 
number of "first day motions" filed by the Debtors, which had previously        
received interim approval from the Court. The orders issued by Judge Blackshear 
at the September 25, 2003 hearing included, among others, the following:        

1.     Final Order signed on 9/25/2003 (A) Authorizing Postpetition Financing   
And Granting Security Interests And Superpriority Administrative Expense        
Status; (B) Modifying The Automatic Stay; and (C) Granting Adequate Protection. 
[Order entered on 9/26/2003]                                                    

2.     Final Order signed on 9/25/2003 Authorizing the Debtor's to Pay          
Prepetition Wages, Compensation, Tax Withholding Obligations and Employee       
Benefits and Authorizing and Directing Financial Institutions to Honor and      
Process Checks and Transfers Related to Such Obligations. [Order entered on     
9/29/2003]                                                                      

In addition, an order was signed on September 25, 2003 granting the Debtors'    
Motion to Approve (A) Bidding Procedures for Submission and Acceptance of       
Competing Bids, and Under Certain Circumstances, Payment of a Break-Up Fee and  
Expense Reimbursement to IdeaSphere, Inc. and TL Acquisition Corp.; (B)         
Scheduling Bidding Deadline, Auction Date and/or Sale Hearing Date; (C)         
Establishing Procedure for Determining Cure Amounts; and (D) Fixing Notice      
Procedures and Approving Form of Notice. [Order entered on 9/26/03]             

All orders entered by the Court are publicly available at the United States     
District Court for the Southern District of New York.                           

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SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the    
undersigned hereunto duly authorized.                                           

Date: September 30, 2003                 TWINLAB CORPORATION                    
                    (registrant)

                        By:  /s/ Ross Blechman
                                          --------------------------------
                        Name:    Ross Blechman
                                 Its:     Chairman of the Board,
                                               Chief Executive Officer and
                             President

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		9/30/03		3					None on these Dates
For Period End:		9/25/03		1		2
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